Movado Group Inc reports results for the quarter ended in January - Earnings Summary

Movado

26/03/2024 13:32

* Movado Group Inc  MOV.N  reported quarterly adjusted
earnings of
55 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $1.03.  The lone analyst forecast for the quarter was
for earnings of 39 cents per share. 
    * Revenue fell 7.5% to $179.62 million from a year ago;
analysts
expected $174.80 million. 
    * Movado Group Inc's reported EPS for the quarter was 53
cents​.
    * The company reported quarterly net income of $12.15
million.
    * Movado Group Inc shares had fallen by 12.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories peer group is also "buy"

Wall Street's median 12-month price target for Movado Group Inc
is $41.00 
This summary was machine generated from LSEG data March 26 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      0.39           0.55           Beat
 Oct. 31 2023      0.70           0.77           Beat
 Jul. 31 2023      0.34           0.38           Beat
 Apr. 30 2023      0.26           0.43           Beat